Business Generally Is Good as Money Eases
New York reports a fair volume in business with manufacturers and distributors cautious awaiting clearer data on output. Farmers face mixed prospects with grains steady and cotton perplexing amid drought in the southwest. steel, oil, and building materials show uneven but improving activity, while railroads and copper resist broader gains.
MENTIONED IN THIS ARTICLE
Richard Spillane
New York
Cross Current On Trade Indicates Little Progress
New York April 1 Associated Press The familiar tests of industrial activity contributed little last week to aid clearing away confusion over the business situation Underlying conditions remained good but cross currents of trade including a contraction of some manufacturing activities lower commodity prices and a drifting steel market indicated little progress had been made Credit conditions became noticeable easier a relaxation in money rates being ascribed partly to liquidation in speculative markets and slackening industrial activity This contributed to moderate improvement in stock and bond prices despite the conflicting trade news Operations in the steel industry showed no marked revival of business Curtailment of pig iron and finished steel production was extended while the improvement in new business noted in April after a March gloom apparently was not carried further. The market was described as dafting with consumers digesting heavy loads taken in the first quarter Sugar touched low as diminished buying power reduced demand refined sugar sold at year lows with Cuban crop prospects exceeding earlier estimates Copper lead and zinc prices set new lows copper fell almost 2 cents a pound from January highs Grain trading remained unsettled with erratic daily fluctuations, but cotton held firmer on drought reports Confidence in railroads remained due to record car loadings despite earnings lagging last year Merger prospects improved with progress on Nickel Plate near Washington and new alignments proposed for eastern and southern carriers Auto trade showed the best spring results with demand for cars better than last year and gasoline price trends expected to hold steady as summer approaches with a few price cuts and output increases noted
MENTIONED IN THIS ARTICLE
New York
Associated Press
Washington
Jury Deadlocks in Greenwich Murder Case
After 15 hours of deliberation the jury failed to reach a verdict in the Archie Thornton murder trial in Greenwich. Thornton, a former Warwick police officer, was accused of killing Mrs Fannie Throwton with a knife in a suspected family dispute.
MENTIONED IN THIS ARTICLE
Providence
Archie
Thornton
Greenwich
Lan Thornton
Warwick
Fannie Throwton
Flames wipe out business block in Buffalo
A downtown fire in Buffalo New York destroyed four stores and damaged several more on Main Street. An explosion is suspected to have started the blaze, causing an estimated loss of $500 000 to $500 000. Firefighters brought the flames under control after four alarms. traffic on Main Street was halted for four hours and three firemen suffered minor injuries.
MENTIONED IN THIS ARTICLE
Buffalo
N. Y
Thg
Browning
B'Ug and Company, Clothiers
Robert Lo Loud Music Company
Willam Eastwood and Son
Main Street
Goellners Furniture
Washington Street
Two Business Blocks Sold in Stamford
Samuel Shulman contracted to purchase a three story brick block at Main Street and Greyrock Place from Eugene Palmer for $110,100 and has also bought the McPartland building on Atlantic Street from Annie McPartland and others for $70,000. The two story brick building houses offices and stores.
MENTIONED IN THIS ARTICLE
Stamford
Samuel Shulman
Main Street
Greyrock Place
Eugene Palmer
Shulman
McPartiland
Atlantic Street
Annie McPartland
Relaxation of Money Rates Stimulates Bond Trading
New York April 19. Relaxation of money rates revived credit and lifted bond trading last week with prices moving higher. Government issues led gains as time funds were abundant and the Fed rediscount rate stayed at 8 1 2 per cent. French obligations rallied after political changes, while railroad and utility bonds advanced on stronger demand for carriers. Investment dealers noted steady demand for high grade public utility bonds despite Dodge Brothers financing. Prospective loans to Italy and Spain were mentioned but no details known.
MENTIONED IN THIS ARTICLE
New York
Associated Press
Lst
Federal Reserve Bank
Treasury
Herriot
Painlev
Lonwest
Progress Week in Bridgeport Promises Large Exposition
Progress Week May 30 to June 6 is assured with nearly 100 exhibitors including major manufacturers city departments and specialized firms. A Sea Side Park tent and full plans are ready a parade will open the event and visitors from across the state are expected for a larger exposition than any Connecticut has seen.
MENTIONED IN THIS ARTICLE
Seaside Park
Connecticut
Chamber of Commerce
Kardex Co
Council of Social Agencies
Morrison Radiophone Co
Metropolitan Léfe Ins
Visiting Nurse Association
T J. Pardy Const
Warner Bros, Raybeatos Co
City Lumber Co
Mechanics and Farmers
Frank Muler Lumber Co
Durrier Co
Eastern Engineering and Coast Co
Kano Sign Co
General Flectric
Bullard Machme
Gag
Bridgeport Gas Light Co
Kman Studio
City Savings Bank
Bridgeport Brass Ia
Bridgepocrt
Saymes Bank
Baird Machine
Bridgeport Chain Co
City National Bank
D, M Meas Co
Armatrong Mfe Co
Bridgeport Times
Bridgeport Metal Goods Co
Schwerdtle Stamp Co
Meigs and Co
Dridgeport Land and Title Co
Crawford Laundry Co
Coplin Co
Badgeport Housing Co
New Haven Daily Co
Dictaphone Corp
Huber [Ce Cream Co
Mitchell Dairy Co
Wurtvet and
Gordon Harvey Hubbell Inc
Commercial Bank and Trust Co
Hadley Furniture Co
Bridgeport Hardware Co
Food prices rise five percent in year to March 15
Washington reports a five percent rise in food prices for the year ended March 15, with overall costs up sixty six percent in twelve years. Expenditures fell in 26 cities during February 6 to March 15, including Boston two percent and Washington one percent, while Detroit Chicago and several West Coast cities showed small increases.
MENTIONED IN THIS ARTICLE
Washington
Department of Labor
Boston
Rochester
Atlanta
Baltimore
New York
Detroit
Chicago
Angeles
Mulwaukee
San Francisco
Cotton Important in U S Export Trade
President Coolidge highlighted cotton’s pivotal role in U S foreign trade to textile manufacturers. February exports valued at 104,078,228 dollars, up about 24.9 million from a year ago, with Europe, led by the United Kingdom, as the chief buyer and Japan a major purchaser.
MENTIONED IN THIS ARTICLE
Coolidge
United States
Department of Agriculture Index of Agricultural Sports
Europe
United Kingdom
Japan
Over Supply of Asparagus Impacts Local Markets
Prices for new crop shipped-in vegetables fell as oversupply hit car markets this week. California asparagus dropped to 300 to 350 dollars per dozen two pound bundles, with larger shipments from several shipping operations depressing prices. Native spinach dandelions and rhubarb weakened while native lettuce remained firm. Strawberries lowered with Florida stock. other fruits steady but trading slow. Butter firm, eggs steady, and meat prices mostly unchanged.
MENTIONED IN THIS ARTICLE
California
Florida
Germany Uneasy About Presidential Election In 1920s Echo
Germanys industrial and commercial world is uneasy about the presidential election. The finance minister told the Reichstag that long term commercial treaties hinge on tariff laws, and industry demands lower prices and wage adjustments to boost production. Railways report March gains in car supply and a 297 million dollar four month revenue, with ongoing disputes over rail rate cuts to aid exports.
MENTIONED IN THIS ARTICLE
Epruin
Germany
Hindenburg
Reichstag
Joana
Federal Trailway Company
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Fairfield Ave
Cor
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Tim Heat'ng
Wade
Hawley Ave
Rogers Peet Co
State Street
Investment Department
Noble
Virginia-Carolina Chemical
Corporation
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Missouri Pacific
Columbia Gas & Electric
Thomas W Lamont
Morgan
Rome
Italy
Spain
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Bridgeport Trust Co
Holmes and Edwards
Real Estate Board
Rockwell and Co
Hyle Easy
Colgate and Co
Davia and Hawley
Bridgeport Public Market
Howland Dry Goods Co
Serony
American Chain Co
American Fabrice
Birdseye Press
American Hardware Stores
Reichert Ice Ream Co
Remington Arms
McKdowney and Coa
Connecticut Co
Jenkins Bros Hincka Bros
Schnee and Schnee
Bridgeport Hydraulic Co
Brennan Stone
H Corbit
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England
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Frank E. Lalley, JR
Bridgeport, Conn
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